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The top Ethereum treasury companies scooped up at least $1.6 billion worth of Ether (ETH<\/a>) in the past month, while institutional buying surged over the past week as Ether rallied.\u00a0<\/p>\n Corporate Ether treasury companies accumulated more than 545,000 ETH over the past 30 days, according to recent purchase announcements.\u00a0<\/p>\n On Monday, BitMine Immersion Technologies, chaired by Fundstrat\u2019s Tom Lee, announced<\/a> that its total Ether holdings were 163,142 ETH, worth around $480 million at current market value.\u00a0<\/p>\n Comparing to the aggressive Bitcoin accumulation by Michael Saylor\u2019s Strategy, Lee said, \u201cETH treasuries which [can] accumulate 5% of the ETH supply can benefit from a similar \u2018Wall Street put\u2019,\u201d implying that Wall Street will become bullish on Ethereum in the same way it is for Bitcoin and Strategy.\u00a0<\/p>\n Meanwhile, Joseph Lubin\u2019s gaming platform, SharpLink, acquired another 10,000 ETH<\/a> on July 11, 16,370 ETH on July 13<\/a>, and a further<\/a> 24,371 ETH for $73.2 million on Monday, bringing its total to over 255,000 ETH and making it the largest corporate Ethereum treasury.\u00a0\u00a0<\/p>\n Consensys founder Lubin has even referred<\/a> to himself as a \u201cself-appointed representative of The League of Extraordinary ETH Accumulator Gentlemen,\u201d tipping his hat to BitMine<\/a> and others for their recent accumulation acceleration.\u00a0<\/p>\n Other companies that have recently acquired Ethereum for corporate treasuries include digital asset platform Bit Digital<\/a>, with more than 100,000 ETH, and Blockchain Technology Consensus Solutions (BTCS), which raised $62.4 million<\/a> to expand its ETH holdings to 29,122 ETH this month.\u00a0<\/p>\n Related: <\/strong><\/em>Ether corporate treasuries critical for the ecosystem: Joseph Lubin<\/strong><\/em><\/a><\/p>\n Meanwhile, GameSquare announced<\/a> a strategic plan for a $100 million Ethereum treasury on July 8.\u00a0<\/p>\n It comes as Ethereum-based digital investment funds posted their 12th consecutive week<\/a> of inflows, totalling $990 million, the fourth largest weekly inflow on record, reported<\/a> asset manager CoinShares on Monday.<\/p>\n Ethereum products have seen more than $4 billion in inflows so far this year, and almost 30% of that has come in the last two weeks as institutions pile into the asset.\u00a0<\/p>\n In relative terms, Ethereum\u2019s inflows over the past 12 weeks account for 19.5% of the total assets under management for all global Ether funds, compared to 9.8% for Bitcoin funds, CoinShares noted.\u00a0<\/p>\n ETH prices topped $3,000 for the first time since February on July 11, but have pulled back below it at the time of writing with a 17% gain on the week.\u00a0<\/p>\nJoe Lubin\u2019s SharpLink is the treasury king<\/h2>\n
Expanding list of Ethereum treasuries<\/h2>\n
Almost $1 billion in Ether fund inflows\u00a0<\/h2>\n